Company registration number 05855927 (England and Wales)
BATE SCAFFOLDING SERVICES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023
PAGES FOR FILING WITH REGISTRAR
BATE SCAFFOLDING SERVICES LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
BATE SCAFFOLDING SERVICES LIMITED
BALANCE SHEET
AS AT
31 JULY 2023
31 July 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
100,551
138,323
Current assets
Stocks
4
25,000
25,000
Debtors
5
445,963
570,557
Cash at bank and in hand
63,639
94,994
534,602
690,551
Creditors: amounts falling due within one year
6
(130,558)
(157,130)
Net current assets
404,044
533,421
Total assets less current liabilities
504,595
671,744
Creditors: amounts falling due after more than one year
7
(13,393)
(39,774)
Provisions for liabilities
(20,110)
(26,281)
Net assets
471,092
605,689
Capital and reserves
Called up share capital
8
1,000
1,000
Profit and loss reserves
470,092
604,689
Total equity
471,092
605,689

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

BATE SCAFFOLDING SERVICES LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 JULY 2023
31 July 2023
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 20 March 2024 and are signed on its behalf by:
N Bate
Director
Company registration number 05855927 (England and Wales)
BATE SCAFFOLDING SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023
- 3 -
1
Accounting policies
Company information

Bate Scaffolding Services Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 6 Ashton Grange Ind Estate, Bryn Road, Ashton-in-Makerfield, Wigan, Lancashire, WN4 8BX.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% on a reducing balance method
Fixtures and fittings
15% on a reducing balance method
Motor vehicles
25% on a reducing balance method

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

BATE SCAFFOLDING SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2023
1
Accounting policies
(Continued)
- 4 -

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.6
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
17
18
BATE SCAFFOLDING SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2023
- 5 -
3
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
Cost
At 1 August 2022 and 31 July 2023
365,394
4,458
129,806
499,658
Depreciation and impairment
At 1 August 2022
284,984
4,223
72,128
361,335
Depreciation charged in the year
26,333
235
11,204
37,772
At 31 July 2023
311,317
4,458
83,332
399,107
Carrying amount
At 31 July 2023
54,077
-
0
46,474
100,551
At 31 July 2022
80,410
235
57,678
138,323
4
Stocks
2023
2022
£
£
Stocks
25,000
25,000
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
343,600
388,507
Other debtors
102,363
182,050
445,963
570,557
6
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
3,000
3,000
Trade creditors
29,161
54,542
Corporation tax
51,553
21,085
Other taxation and social security
18,053
13,465
Other creditors
28,791
65,038
130,558
157,130
BATE SCAFFOLDING SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2023
- 6 -
7
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
13,393
16,973
Other creditors
-
0
22,801
13,393
39,774
8
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
1,000
1,000
1,000
1,000
2023-07-312022-08-01false20 March 2024CCH SoftwareCCH Accounts Production 2023.200No description of principal activityN BateK BateK Bate058559272022-08-012023-07-31058559272023-07-31058559272022-07-3105855927core:PlantMachinery2023-07-3105855927core:FurnitureFittings2023-07-3105855927core:MotorVehicles2023-07-3105855927core:PlantMachinery2022-07-3105855927core:FurnitureFittings2022-07-3105855927core:MotorVehicles2022-07-3105855927core:CurrentFinancialInstrumentscore:WithinOneYear2023-07-3105855927core:CurrentFinancialInstrumentscore:WithinOneYear2022-07-3105855927core:Non-currentFinancialInstrumentscore:AfterOneYear2023-07-3105855927core:Non-currentFinancialInstrumentscore:AfterOneYear2022-07-3105855927core:CurrentFinancialInstruments2023-07-3105855927core:CurrentFinancialInstruments2022-07-3105855927core:Non-currentFinancialInstruments2023-07-3105855927core:Non-currentFinancialInstruments2022-07-3105855927core:ShareCapital2023-07-3105855927core:ShareCapital2022-07-3105855927core:RetainedEarningsAccumulatedLosses2023-07-3105855927core:RetainedEarningsAccumulatedLosses2022-07-3105855927bus:Director12022-08-012023-07-3105855927core:PlantMachinery2022-08-012023-07-3105855927core:FurnitureFittings2022-08-012023-07-3105855927core:MotorVehicles2022-08-012023-07-31058559272021-08-012022-07-3105855927core:PlantMachinery2022-07-3105855927core:FurnitureFittings2022-07-3105855927core:MotorVehicles2022-07-31058559272022-07-3105855927core:WithinOneYear2023-07-3105855927core:WithinOneYear2022-07-3105855927bus:PrivateLimitedCompanyLtd2022-08-012023-07-3105855927bus:SmallCompaniesRegimeForAccounts2022-08-012023-07-3105855927bus:FRS1022022-08-012023-07-3105855927bus:AuditExemptWithAccountantsReport2022-08-012023-07-3105855927bus:Director22022-08-012023-07-3105855927bus:CompanySecretary12022-08-012023-07-3105855927bus:FullAccounts2022-08-012023-07-31xbrli:purexbrli:sharesiso4217:GBP